Pivot Receives US$3.5M Debt Financing from Wellington Financial

Pivot, Inc., a Jersey City, NJ-based provider of liquidity management and collaboration software to the financial markets, has received a US$3.5m debt financing from Wellington Financial LP.

The financing will support the company’s growth for its platform, which directly allows brokers and traders to locate liquidity, negotiate trades, and integrate pre-trade information with pricing, analytics, execution, and clearing systems.

Pivot provides brokers with a shared trading screen that combines personal interactions with electronic trade data exchange, without using anymore an inefficient mix of tools including phone calls, emails, and IMs. It results in increased speed in locating and acting on trading opportunities and delivering higher levels of service to customers.